British Corner Shop - British Food, Delivered Worldwide

British Corner Shop - British Food, Delivered Worldwide

Tuesday, December 19, 2017

Bitcoin Q&A: Borderless money


Are cryptocurrencies subject to the same border restrictions as foreign currency and cash? Where are bitcoins "located"? What happens when money is data? What are the geopolitical implications of borderless money? Bitcoins 'live' on the blockchain, on a global network, in "the cloud." When you make a transaction, bitcoin is not transmitted anywhere; it simply changes ownership. National "flag" money went from being a store of value, medium of exchange, and unit of account into a system-of-control for playing political games. It removes the power of central banks to take entire populations hostage under hyperinflation experiments. Therefore the framework of money transmission laws is obsolete and fatally undermined.

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Litecoin my wallet address is: LQG2B5roRxPwVj4jGVQpXQV1xZM3shDA3R

Litecoin QR-Code

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.